UK - Schroder Investment Management claims companies have trimmed the excesses of the bubble years and are now lean and competitive.
It believes companies are now better placed to withstand further shocks in demand and will not have to cut back on either inventories or investment as a result.
Schroders said while companies had not fully completed repairs to their balance sheets, their level of debt compared to their income had been slashed.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.